Consumer Spending and Poor Online Shopping Rates Push Retail Space to the Brink

Retail space in Yangon is getting sparse as more stores, both local and foreign, establish themselves in the city to cater to the growing middle class’ retail shopping needs. Shopping malls across the city have and continue to upgrade in anticipation of new projects as consumer spending in Myanmar continues to increase and caters to […]

Yangon’s real estate challenge

After a pause while investors awaited the outcome of elections, the property market in Myanmar’s biggest city is picking up again, but some sectors will do better than others. Myanmar has experienced dramatic changes economically and politically over the past few years. As foreign investors rush to set up shop in the newly open market, […]

Branded footwear maker plans operation in Myanmar

Taiwan-based Pou Chen Group, the world’s largest contract manufacturer of footwear by shipments, will invest US$100 million to set up a manufacturing base in Myanmar, the company’s Myanmar director said. Ou Chin-Nan said the footwear factory would manufacture internationally known brands – Adidas and Nike – for export. Located in Yangon, the new plant will […]